Arkadios Wealth Advisors Purchases New Shares in Mattel, Inc. (NASDAQ:MAT)

Key Points

• Arkadios Wealth Advisors initiated a new position in Mattel, acquiring 19,044 shares valued at approximately $370,000 in the first quarter of the year.
• Several institutional investors, including Bayforest Capital Ltd and Galvin Gaustad & Stein LLC, made significant new investments in Mattel, indicating strong confidence in the stock.
• Wall Street analysts are optimistic, with Citigroup and JPMorgan increasing their price targets for Mattel, resulting in a consensus price target of approximately $24.38 and an average rating of "Moderate Buy."

Arkadios Wealth Advisors purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,044 shares of the company's stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also modified their holdings of MAT. Yousif Capital Management LLC grew its position in Mattel by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock worth $2,330,000 after purchasing an additional 884 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Mattel by 7.4% in the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock worth $252,000 after purchasing an additional 890 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Mattel by 1.1% during the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock worth $1,567,000 after acquiring an additional 900 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Mattel by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock worth $1,834,000 after purchasing an additional 900 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Mattel by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 148,795 shares of the company's stock worth $2,638,000 after acquiring an additional 930 shares during the period. Institutional investors own 97.15% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a "neutral" rating in a research report on Friday, July 11th. DA Davidson reiterated a "buy" rating and set a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Citigroup upped their price objective on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.38.

Mattel Trading Down 0.1%

Shares of Mattel stock traded down $0.01 on Thursday, hitting $17.29. 5,301,762 shares of the company traded hands, compared to its average volume of 5,326,105. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The company has a market cap of $5.57 billion, a PE ratio of 10.48, a PEG ratio of 2.11 and a beta of 0.62. The stock's 50 day moving average price is $19.02 and its 200-day moving average price is $18.82. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. Mattel's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.